Broadridge Financial Solutions Inc. (BR) Sets New 12-Month High at $70.15
Broadridge Financial Solutions Inc. (NYSE:BR) hit a new 52-week high during trading on Thursday . The company traded as high as $70.15 and last traded at $70.15, with a volume of 530,119 shares changing hands. The stock had previously closed at $69.30.
A number of equities research analysts have recently commented on BR shares. Barclays PLC lifted their price objective on Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Avondale Partners downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a research report on Wednesday, June 15th. Finally, Raymond James Financial Inc. downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 7th. They noted that the move was a valuation call.
The firm’s 50-day moving average price is $68.21 and its 200 day moving average price is $62.68. The stock has a market cap of $8.39 billion and a PE ratio of 28.03.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 9th. The company reported $1.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.45. During the same quarter last year, the company earned $1.40 earnings per share. The firm earned $975 million during the quarter, compared to analyst estimates of $991.13 million. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Broadridge Financial Solutions Inc. will post $3.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.32 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.30.
In other news, VP Laura Matlin sold 900 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $68.51, for a total transaction of $61,659.00. Following the completion of the sale, the vice president now owns 5,561 shares in the company, valued at approximately $380,984.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Schifellite sold 9,000 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $69.30, for a total value of $623,700.00. Following the sale, the insider now owns 82,937 shares of the company’s stock, valued at approximately $5,747,534.10. The disclosure for this sale can be found here.
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade and post-trade processing.
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